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Gold/Mining/Energy : Gold Price Monitor

GDXJ 126.14

-0.1%

4:00 PM EST

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To: goldsheet who wrote (69529)	5/19/2001 11:22:55 AM
From: long-gone	Read Replies (2) of 116855

<<Beatrix scheduled to reopen May 20th, which means it should have very little impact on production.>> It was just enough to rattle the shorts. Did you pick up that BoE was considering stopping further sales? I'm sure it is related to Blair's calling for an election & the sales will resume as soon as he's back in. Question is, will this price spike drive a great enough demand change in gold as an investment prior to the BoE sales resuming??? There are scattered reports growth funds are picking up gold bullion as they must be invested - exposed to hottest sectors. Problem is growth is a fickle whore. What we need is the desire of the investing public to hold gold long term as a way to diversify and a greater availability of precious metals investment vehicles(decent cost) on the job to the average American & Canadian. It seems a broad based desire has just begun. Will the mutual fund retirement investing industry, at last, bring forward products whose cost is not excessive & will they be broadly offered? There is a liability issue for any company who limits their people's ability to diversify "enough", though is not broadly court tested.

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